The initial ZooShare community bond offering highlighted in the chapter opening vignette offered investors an 11.512.5% return.

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The initial ZooShare community bond offering highlighted in the chapter opening vignette offered investors an 11.5–12.5% return. Why would the initial ZooShare bond offering provide investors with such an attractive return at such a high interest rate?

When solving the exercises and problems:

1. Round all dollar amounts to the nearest whole dollar, and

2. Assume that none of the companies uses reversing entries.

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Fundamental Accounting Principles Volume 2

ISBN: 9781260881332

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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